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Russian oil sanctions are about to kick in. And they could disrupt markets in a big way

Por: CNBC Business December 01, 2022

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European oil sanctions are due to kick in on December 5. The idea is to reduce oil revenues for Russia given its war in Ukraine.Andrey Rudakov Bloomberg Getty ImagesUpcoming sanctions on Russian oil are set to be really disruptive for energy markets if European nations fail to set a cap on prices, analysts warned.The 27 countries of the European Union agreed in June to ban the purchase of crude oil from Dec. 5. In practical terms, the EU —... + full article



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